CHROMETCO LIMITED - Results of Annual General Meeting, Resignation of Director and Changes to Important Board Functions

Results of Annual General Meeting, Resignation of Director and Changes to Important Board Functions

CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)


RESULTS OF ANNUAL GENERAL MEETING, RESIGNATION OF DIRECTOR AND
CHANGES TO IMPORTANT BOARD FUNCTIONS

RESULTS OF ANNUAL GENERAL MEETING

In terms of paragraph 3.91 of the JSE Listings Requirements,
shareholders are hereby advised that all the ordinary
resolutions and special resolutions, as set out in the notice
of the Annual General Meeting (“AGM”), other than those which
were were withdrawn, were passed by the requisite majority of
shareholder votes at the AGM held on 15 August 2017 at
Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg.

Altogether 78.02% of voted shares in issue, being 1 172 428 683
shares, were represented at the AGM.

The detailed results of the voting are as follows:

                                                      %
                                            %   AGAINST
                      Number of     ABSTAINED        of % FOR of
                         shares     of issued    shares   shares
Resolution                voted        shares     voted    voted
Ordinary No. 1:      912 228 918      0.00002    0.0001 99.99995
Re-appointment of
auditors, Mazars

Ordinary No. 2a:       WITHDRAWN
Re-election of JG
Scott as director

Ordinary No. 2b:       WITHDRAWN
Re-election of E
Bramley as
director

Ordinary No. 3a:       WITHDRAWN
Re-appointment of
JG Scott as a
member of the
audit committee
Ordinary No. 3b:      WITHDRAWN
Re-appointment of
R Rossiter as
chairman of the
audit committee

Ordinary No. 3c:      WITHDRAWN
Re-appointment of
E Bramley as a
member of the
audit committee

Ordinary No. 3d:      WITHDRAWN
Re-appointment of
I Collier as a
member of the
audit committee

Ordinary No. 4:      912 228 918   0.00002    0.96    99.04
Approval of the
general authority
to issue shares
for cash

Ordinary No. 5:      912 196 918    0.003    0.0001   99.99
Approval of the
remuneration
philosophy of the
Company

Ordinary No. 6:      912 196 918    0.003         0    100
Approval for the
authority to
directors or
company secretary
to sign all
documents required

Special No. 1:       912 196 918   0.0002    0.0001   99.99
Approval for the
general authority
to repurchase
shares

Special No. 2:       912 196 918    0.003    0.0001   99.99
Approval of
directors
remuneration
Special No. 3:       912 196 918   0.00002    0.002   99.99
Approval to
provide inter-
company financial
assistance

Special No. 4:       912 196 918   0.00002    0.004   99.99
Approval to
provide financial
assistance for the
subscription and /
or purchase of
shares in the
Company or related
or inter-related
company



RESIGNATION OF DIRECTOR AND CHANGES TO IMPORANT BOARD FUNCTIONS

In compliance with paragraph 3.59(c) of the Listings
Requirements of the JSE Limited, shareholders of the Company are
hereby advised of the following changes to important board
functions with immediate effect.

Mr N Waisberg has been appointed as CEO of the Company replacing
Mr P Cilliers. Mr P Cilliers has resigned as a director of the
Company.

Mr M Naude has been appointed as full time CFO of the Company.

Johannesburg

15 August 2017
Designated Advisor: PSG Capital Proprietary Limited

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